The DeKalb Chamber Finance Committee meets to provide monthly oversight of financial transactions to help ensure transparency and accountability in safeguarding all funds and resources of the Chamber. The DeKalb Chamber Small Business Committee assists the Chamber with recruiting, educating, and mentoring small businesses. Create and identify opportunities for growth and facilitate partnerships to improve small business programs. Help identify opportunities in the public and private sector.
This committee meets monthly on the 3rd Tuesday of each month from 10:00 AM to 11:00 AM. Less than 50 percent of small businesses have their financing needs met.
If thinking about financing your small business makes your head spin, we?re here to help. Join us for Myths and Realities of Small Business Funding.
This program will cover the new State Small Business Credit Initiative program, designed to support small business? access to capital, in addition to covering other various types of financing including: conventional bank loans, SBA-guaranteed loans, private equity, specialty lending programs and grant funding.
Our facilitators will delve into the common myths and misconceptions surrounding the financing of small businesses and provides a comprehensive understanding of the realities entrepreneurs face.
Through a combination of guided facilitation and class participation, participants will explore various financing options, debunk prevalent misconceptions, and gain practical insights into the various ways of financing a successful small business.
Course Outline
Types of capital
Sources of capital
Demystifying the lending & borrowing process
Understanding business & personal credit
Traditional & non-traditional financing options
Grants ? the promise of free money
Getting loan ready
Learner Outcomes
By the end of the class, participants will:
Have a thorough understanding of various avenues of financing their small business
Have the ability to determine the advantages and disadvantages of the different forms of capital as it relates to their business
Be able to analyze their business from a lender?s perspective
Have a high-level understanding of how to create the BIG three financial statements as well as a Personal Financial Statement
Have knowledge of the various specialty lending programs available through the State Small Business Credit Initiative
Finance Committee Meeting
Small Business Committee Meeting
Webinar - Myths and Realities of Small Business Funding
